Ford Explorer Lease Questions

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Hi Car_manFirst time leasing and while I researched the terms thoroughly Ford seems hesitant to provide lease details- they won't provided the MF but call it a Ford Lease Rate. So need some feedback please:2013 XLT with 202A package and a few other accessories totaling to MSRP of $39,860 and sale price after incentives, rebates & $1750 trade-in is $34,241.

24 month lease proposed is $437 including taxes. The "Ford Lease Rate" is.5 (whatever that means) and it seems close to a MF of .00125 according to a lease app I used to back into the MF.

I'm here guys. Questions about Ford leases are often very difficult to answer because it has a whopping twenty-two regions, each one with the potential to have different programs. Needless to say, that's a lot of variables. That's why I don't always stop by the Ford and Toyota discussions as often as I do for the ones of some of the less regional brands.

Let me see what I can find out about the Explorer's lease program for you.

Hi jimt126. Ford uses interest rates instead of money factors to calculate vehicles' lease payments. You can convert its lease rates into an approximate money factor equivalent by dividing them by 2400. So a lease rate of 0.5% is equivalent to a money factor of around .00021.

Ford Credit's December base lease rate and residual value for a 24-month lease of a 2013 Explorer XLT 4WD with 15,000 miles per year are 0.5% and 64%.

There is a $1,000 national cash incentive on leases of this truck and various regional incentives.

Many thanks for the information. ALso I wanted to ask, is it fair to say that for 24 month leases, other things being equal the residual on a Limited is normally one or two points lower than that of an XLT?

I got this deal, what do you all think? I have put in a deposit and have to pick up in a week.2013 XLT 4WD 3.5L V6 TIVCTHas the 202A package with rear view, myford touch, voice activated sync, comfort package + Leather, Heated seats, Power lift gate, Voice activated Navigation and some extras.Total sticker price before rebates and discounts is $39,700.After applying all discounts the price they are using is about 34,000.

Deal is $395/Month 15K miles per year, 36 months.Zero down. Total out of pocket is for taxes, DMV, registration and plates = $1950.

This is in response to the 2 questions before. The deal was completed last week and all the terms were exactly as stated before. We did not have to deal with the finance manager also. The lease also came with a complimentary service plan (oil change etc). It is an excellent vehicle but just a word of advise...learn the Mysync touch screen navigation system well from the dealer since it is complicated.

I just picked up our new Explorer XLT AWD w/202a, navigation, power liftgage, tow package as factory options. The lease rates should be around .5% for Ford tier 0 and 1 on a 36 month lease. I chose to go with a 24 month lease because the rates were so good and I change cars every two years anyway.

I feel pretty good about the deal we just struck at a dealership in MN. I received quotes from several area dealers and ultimately went with the dealer that provided the best overall experience. Even though they were not even close to being the best price, they eventually beat out all other offers. Here was our offer:

Did you go through Ford.com and request the mailed brochure for the Explorer? It takes about 7-10 days to get. In it there is a coupon for an additional - sorry I forget the exact amount - $1,000 or so off.

Looking for the money factor, residual values on the 2013 Ford Explorer XLT & Sport 24 month lease with 10,500 miles per year.Also what rebates and cash incentives are avilable (I am a current Ford lease holder)?Northeast

Seems to me like you might be paying too much on the monthly payment. Granted, our terms aren't the same, but I just got an Explorer XLT AWD, 202a, navigation, power lift gate, tow package, and dual panel moonroof in MI.

The acquisition and doc fees ($710 total) were rolled into the Sale Price, and I had to pay $567 out of pocket for first month payment plus title, registration, etc.

Total monthly payment - $334/month

I'm not sure what your tax percentage is, but if I try plugging your numbers into an online lease calculator, I'm coming up with a lower payment for you than $375 (around $325). I was assuming 6.85% tax for MN. There is also a difference of $275 between my trade-in and rebates vs your rebates, but that shouldn't affect the monthly payment by much.

36 months, 15K miles per year with $760 total out of pocket for $442 per month including 7.75% tax rate. I'm looking to do better but it gets exhausting spending so much time at the dealer. Internet quotes aren't coming in this low. Thoughts?

Hello, all. Have been doing research on the Explorer for my wife and found this forum which has been very helpful! Hopefully someone can provide me feedback on the deal I've negotiated on a base XLT with no options in NJ.

MSRP $33,40012,000 miles/year$2,000 down total including tax, tags, fees, and first month's payment. $279/month

This is the lowest I've gotten after going to 3 dealerships. Would appreciate any input. Thanks!